Latest Realty News

New Delhi: Worli in South Mumbai has become the new luxury residential destination for super-rich and celebrities with the likes of Virat Kohli, Akshay Kumar and business tycoon Ajay Piramal buying properties in this area, a report said.

"With 50% of our population living in slums, we now want to start the Built in Mumbai initiative that will aim at providing cheaper homes. We will soon start a massive campaign for it," Fadnavis added.

Dubai's Emaar Properties has hired a local contractor to restore a fire-damaged hotel, stating on Sunday that the New Year blaze would have "no material impact" on the company because the building and risk of fire are covered by its insurance.

MUMBAI: Elusive home buyers, at least some of them, are finally returning to the Mumbai property market. Direct discounts of 5-10 per cent, reduction in apartment sizes and falling interest rates have pushed cumulative residential property sales in the last four quarters by 28 per cent compared with the corresponding period, showed a JLL India report.

DUBAI: Leading real estate players in the Middle East are bullish about Indians continuing as the most prolific foreign investors in the sector in the coming months too, as official statistics show that Indians have invested over Rs 30,000 crore last year alone here in properties.

MUMBAI: The government of Maharashtra is considering opening up land parcels under the no-development zones as well as plots belonging to Indian defence personnel in an effort to build affordable houses in Mumbai, said Prakash Mehta, minister of housing, labour & mines.

MUMBAI: Redevelopment projects on Brihanmumbai Municipal Corporation's ( BMC) leasehold plots is set to become easier, as Mumbai's civic body has simplified the approval process, and more importantly, has also set a time frame for granting permission for such projects.

NAVI MUMBAI: Three land tender plots of Cidco in prime locality of Ghansoli, sector 8, were on Thursday sold to the highest bidders for rates as high as Rs 1.61 lakh per sq metre, fetching the state agency a total revenue of Rs 221 crore through these sales.

MUMBAI: Housing market in Mumbai Metropolitan Region has recorded worst half-yearly performance since global financial crisis in 2008 with around 2 lakh unsold homes and weakening sales, showed a report released by Knight Frank India for the period ending June.

Mumbai: Suspecting massive capital tax evasions in property deals, the income-tax department in Maharashtra has sought the list of all high-value property deals in the state during last four years starting 2011-12.